Gulf Of Mexico News

 

U.S. Offshore Oil Lease Sale Weakest Since 2016

Mar 19, 2020

A major sale of oil and gas leases in the U.S. Gulf of Mexico on Wednesday generated $93 million in high bids, the lowest total for any U.S. offshore auction since 2016, reflecting caution in the drilling industry amid a steep slide in oil prices.Firing up offshore drilling is a crucial part of U.S. President Donald Trump's 'energy dominance' agenda to maximize domestic production of crude oil, natural gas…

BHP Awards Trion Platform Pre-FEED to McDermott, Partners

6 hours ago

U.S. offshore installation and construction company McDermott has been awarded a pre-FEED contract for a floating production unit that will be installed at BHP's Trion deepwater oil field offshore Mexico.McDermott said the contract was a sizeable one…

Aker Solutions Bags 20-Year Deal with Chevron in Gulf of Mexico

Mar 23, 2020

Norway's Aker Solutions has entered a master agreement to provide umbilicals for Chevron-operated oil and gas fields in the US Gulf of Mexico. It has also won its first work under the agreement, to supply 24 kilometers (15 miles) of umbilicals for Chevron’s Anchor project…

U.S. Lawmakers ask Interior to Cut Offshore Oil Royalty Rates

Mar 23, 2020

Lawmakers representing U.S. Gulf coast states on Friday asked Interior Secretary David Bernhardt to temporarily cut the royalty rate oil and gas companies must pay on their offshore drilling operations to help the industry weather a market crash…

Tracerco in GoM Pipeline Inspection

Mar 18, 2020

Tracerco, part of Johnson Matthey Plc, has been awarded a deep-water subsea inspection project to assess the integrity of a new pipeline in the Gulf of Mexico (GoM).Tracerco said that the operator, which it didn't name, will deploy Tracerco’s Subsea CT Scanner 'DiscoveryTM…

U.S. Offshore Lease Sale Tests Industry Appetite Amid Market Meltdown

Mar 18, 2020

The Trump administration on Wednesday will hold a major sale of oil and gas leases in federal waters, testing drillers' appetite for investment amid a steep slide in oil prices that has cast doubt over energy projects around the globe. The more than 78 million-acre (31…

BW Pioneer FPSO Stays in Gulf of Mexico for 5 More Years

Mar 18, 2020

FPSO leasing specialist BW Offshore has signed a five-year contract for the lease and operation of the BW Pioneer FPSO on the Cascade and Chinook fields in the U.S. Gulf of Mexico.The contract was signed with MP Gulf of Mexico, am 80/20 partnership with Murphy Oil and Petrobras…

Shearwater in Its First OBS ROV Survey in Gulf of Mexico

Mar 09, 2020

Shearwater GeoServices has won a major Ocean Bottom Seismic deepwater ROV project by TGS and partner in the Gulf of Mexico, USA. This will be Shearwater's first OBS ROV (Remotely Operated Vehicle) survey. Irene Waage Basili, the CEO of Shearwater…

Subsea 7 to Tie Murphy's Discoveries to King's Quay FPS

Mar 03, 2020

Offshore installation contractor Subsea 7 on Tuesday said it had won a contract from Murphy Oil for the provision of the subsea installation services related to the Samurai, Khaleesi, and Mormont developments in the U.S. Gulf of Mexico.The contract…

Wood to Design Chevron's Anchor Offshore Platform

Feb 28, 2020

Engineering company Wood has secured a multimillion-dollar engineering design project for Chevron’s Anchor deepwater development in the Gulf of Mexico.The scope of the project included the preliminary, front end engineering and design (Pre-FEED)…

Sen. Rubio Expects Trump Will Extend Drilling Ban Off Florida

Feb 26, 2020

U.S. Senator Marco Rubio on Tuesday said he was confident the administration of President Donald Trump will extend a ban on oil and gas drilling off Florida, despite its enthusiasm for opening much of the country's coasts to petroleum development…

Shell Working on FID for Mars Pipeline System Expansion

Feb 21, 2020

Shell Midstream Partners LP expects to take final investment decisions on expanding its Mars crude oil pipeline system in the Gulf of Mexico in the first half of the year, Chief Executive Kevin Nichols said on Thursday.Shell has seen significant interest from oil producers as the 600…

Shell Orders Deep Down Equipment for Whale Development

Feb 20, 2020

Deep Down, a U.S.-based subsea oil and gas equipment supplier, has received an order from Shell for a delivery related to Shell's Whale development in the U.S. Gulf of Mexico.Under the contract with Shell, Deep Down will design, engineer and…

TGS 'Illuminating' Mature GoM Area

Feb 13, 2020

Norwegian seismic specialist TGS has announced a 3D Ocean Bottom Seismic imaging program over Main Pass and Viosca Knoll areas in the U.S. Gulf of Mexico. The company expects the new data will help E&P firms to fully explore the area.TGS says…

Gulf of Mexico Lease Sale Set for March

Feb 12, 2020

U.S. Secretary of the Interior David Bernhardt announced that the Bureau of Ocean Energy Management (BOEM) will offer over 78 million acres for a region-wide lease sale scheduled for March 18, 2020, as part of President Trump’s America First Offshore Energy Strategy…

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